Management Advisory Services and Accounting.

This article discusses the reasons for the inclusion of Management Advisory Services (MAS) in the auditing functions provided by accountants. One of the main developments in the auditing profession in recent years has been the increasing tendency on the part of accountants to add MAS to the auditing functions they provide. These include managerial services such as: the design and installation of cost accounting and budget systems, sales forecasting, computerized information, and inventory control systems; the evaluation of the financial conditions of a prospective merger partner and the recruitment of financial accounting and general management personnel. These services are provided by accountants in addition to the strictly auditing functions forming the recognized base of this profession.